Summary Box: Earnings hopes lift stocks

AP News
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Posted: Jan 10, 2012 5:14 PM
Summary Box: Earnings hopes lift stocks

SOLID RISE: Stock rose solidly on Tuesday following four days of tepid trading. European markets rallied after Fitch said it will not downgrade France's credit rating this year. Downgrading France would undermine Europe's efforts to stem its debt crisis.

HIGH HOPES: Kicking off U.S. corporate earnings season late Monday, Alcoa said it expects global aluminum demand to rise strongly next year. That's a good sign for the many industries that use the metal. Materials companies and commodities gained.

DON'T GET COMFORTABLE: Europe's core problem is unresolved. Italy's borrowing costs are unsustainable, and Europe can't afford to bail it out. A default by Italy could spark a global financial crisis.